IndexIQ Introduces Actively Managed Ultra Short Duration Bond ETF
01 Agosto 2019 - 3:41PM
Business Wire
IndexIQ yesterday announced the launch of the IQ Ultra Short
Duration ETF (Ticker: ULTR) (“Fund”), which provides financial
advisors the flexibility to manage interest rate risk while seeking
to deliver attractive current income.
The Fund is actively managed by NYL Investors, which oversees
over $252 billion in assets as of March 31, 2019. Managed by Senior
Portfolio Manager Kenneth Sommer, this is the first ETF brought to
market by this team.
“This Fund aims to provide investment solutions that generate
consistent, risk-controlled excess returns for our clients. ULTR
represents a strategy which helps mitigate interest rate risk while
seeking to minimize price volatility,” said Kenneth Sommer. “We
believe this ETF can play an important role in managing client
portfolios in any investment environment.”
ULTR is the third in a series of actively managed ETF offerings
from IndexIQ following the launch of two active municipal bond
funds: IQ MacKay Municipal Insured ETF (Ticker: MMIN) and IQ MacKay
Municipal Intermediate ETF (Ticker: MMIT)
“For the first time, our clients can access the markets through
an ETF developed and run by the experienced institutional asset
management team at NYL Investors,” said IndexIQ’s Chief Investment
Officer, Salvatore Bruno. “Adding to our lineup of active managers
on our IndexIQ platform is a testament to the capabilities of New
York Life Investments and how we continue to bring innovative
solutions to market.”
About IndexIQ
IndexIQ, a New York Life Investments Company, is a global
provider of exchange-traded funds (ETFs), with a decade of offering
highly differentiated and innovative long-term solutions to retail
and institutional investors. Today, with assets under management of
$4.1 billion, IndexIQ leverages the first-class asset management
capabilities of New York Life Investments’ multi-boutique platform
into its suite of offerings which include: fixed income, equities,
alternatives and specialty asset classes. For additional
information on IndexIQ, visit IQetfs.com | Twitter | LinkedIn
Investors should not expect the Fund’s returns to track the
returns of any index or market for any period of time.
The Fund is a new fund. As a new fund, there can be no assurance
that it will grow to or maintain an economically viable size, in
which case it could ultimately liquidate.
The risks of investing in debt or fixed-income securities
include (without limitation): credit risk, maturity risk, market
risk, interest rate risk, and call risk.
Interest rates in the United States are near historic lows, and
the Fund currently faces a heightened level of interest rate risk.
To the extent the Federal Reserve Board continues to raise the
federal funds rate, there is a risk that interest rates across the
financial system may rise, possibly significantly and/or rapidly.
Rising interest rates or lack of market participants may lead to
decreased liquidity and increased volatility in the fixed-income or
debt markets, making it more difficult for the Fund to sell its
fixed-income or debt holdings at a time when the Subadvisor might
wish to sell. Decreased liquidity in the fixed-income or debt
markets also may make it more difficult to value some or all of the
Fund’s fixed-income or debt holdings.
When the Fund invests in foreign markets, it will be subject to
risk of loss not typically associated with domestic markets. Loss
may result because of less foreign government regulation, less
public information and less economic, political and social
stability. Loss may also result from the imposition of exchange
controls, confiscations and other governmental restrictions.
Fund shares are not individually redeemable and will be issued
and redeemed at the NAV only through certain authorized
broker-dealers in large, specified blocks of shares called
“creation units”, and otherwise, can be bought and sold only
through exchange trading. Creation units are issued and redeemed
principally in-kind.
Consider the Fund’s investment objectives, risks, charges and
expenses carefully before investing. The prospectus and the
statement of additional information, including this and other
relevant information about the Fund, are available by visiting
nylinvestments.com/etfs or calling 888-474-7725. Read the
prospectus carefully before investing.
New York Life Investments is a service mark and name under which
New York Life Investment Management LLC does business. New York
Life Investments, an indirect subsidiary of New York Life Insurance
Company, located at 51 Madison Avenue, New York, New York 10010,
provides investment advisory products and services. IndexIQ® is an
indirect, wholly-owned subsidiary of New York Life Investment
Management Holdings LLC and serves as the advisor to the IndexIQ
ETFs. ALPS Distributors, Inc. (ALPS) is the principal underwriter
of the ETFs, and NYLIFE Distributors LLC is a distributor of the
ETFs. NYLIFE Distributors LLC is located at 30 Hudson Street,
Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated
with NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member
FINRA/SIPC.
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version on businesswire.com: https://www.businesswire.com/news/home/20190801005605/en/
Allison Scott New York Life Insurance (212) 576-4517
allison_scott@newyorklife.com Chris Sullivan/Julia Stoll MacMillan
Communications (212) 473-4442 chris@macmillancom.com
Grafico Azioni Iq Ultra Short Duration ... (AMEX:ULTR)
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Grafico Azioni Iq Ultra Short Duration ... (AMEX:ULTR)
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